Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 23, 2012Precious MetalsPrice…
News
Batista chases gold in Colombia’s California
Brazilian metals and energy tycoon Eike Batista has had his sights set on Colombia’s red-hot California gold district for well over a year. In February 2011, Batista’s EBX Group — through Canadian subsidiaries AUX — paid…
Malaga plummets after production halt
Malaga (MLG-T) shares lost a third of their value after the company suspended production at its Pasto Bueno tungsten plant in Peru, as it wrestles to keep costs down following a recent power outage at its underground operation.
Corrections
In the article “Soltoro picks low-hanging fruit in Jalisco” (T.N.M., Oct. 22–28/12,) an investor was incorrectly identified as Soltoro’s vice-president of exploration in the photo caption on page 12.
Beaufield proves Chinese firms still interested in iron ore
The connection between slower growth in China and slumping commodity prices has been highlighted in the financial press over the last few months — but there are contrary signs to be found by astute investors.
ATAC finds more Carlin-style mineralization
ATAC Resources (ATC-V) says it has discovered a third area with Carlin-type gold mineralization at its Pharaoh target in the Yukon. This find is the junior’s second gold discovery this year.
Osisko quietly stakes 10,000 sq. km in Mexico
Press releases from Osisko Mining (OSK-T) were coming fast and furious in mid-October, with announcements that the company has produced its half-millionth ounce of gold from its flagship Canadian Malartic mine in Malartic, Que., and another…
A love of gold brings together Blue Gold and Riverstone
Over the last 18 months Mark O’Dea, president and CEO of Blue Gold Mining (BGX-V), has kicked the tires of over 100 projects and companies in his quest to find something that would appeal to shareholders.
Highland Park boosts Keegan’s credibility
A group of the original founders and former executives of LionOre Mining are throwing their weight behind Keegan Resources (KGN-T, KGN-X), with a strategic alliance and private placement that further de-risks the junior’s Esaase gold…
Peregrine attracts $10M in financing
Good financing opportunities are hard to come by, particularly for junior companies far from production, largely explaining why Peregrine Diamonds’ (PGD-T) shares have been climbing since the firm announced a $10-million financing on…
Inmet, Petaquilla continue to play tug of war
VANCOUVER — In what is becoming an increasingly frosty situation,Canadian-based companies Inmet Mining (IMN-T) and Petaquilla Minerals (PTQ-T) continue to squabble over a potential take-over bid that would see the larger Inmet absorb its…
Earnings miss for Cliffs Natural Resources
A severe 36% year-on-year drop in prices for seaborne iron ore during the third quarter torpedoed earnings for Cliffs Natural Resources (CLF-N). The iron ore and metallurgical coal producer’s consolidated revenues fell 26% to US$1.5…